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Lubricant maker United Global launches IPO on Catalist

Net proceeds - some S$9.2m - will be used for business expansion and general working capital

Published Tue, Jun 28, 2016 · 09:50 PM

Singapore

A HOMEGROWN lubricant manufacturer has launched its initial public offering (IPO) on the Catalist board of the local bourse on Tuesday.

United Global, which supplies to the industrial oils and lubricants sector and counts United Oil as a wholly owned subsidiary, offered 42.8 million new shares at S$0.25 apiece on the Singapore Exchange (SGX).

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Companies & Markets

Companies & Markets

Lubricant maker United Global launches IPO on Catalist

Companies & Markets

3M to cut dividend on health-care spin, losing aristocrat status

OCBC should be seen as ‘financial conglomerate’ unlike local banking peers, says chairman

HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion

McDonald's sales miss estimates as customers cut back spending

Coca-Cola raises annual organic sales forecast on global demand, higher prices

No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays

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